NFLX Trade Plan Analysis

$NFLX ‌#WarshDebutsAsFedHoldsRatesSteady
Current Snapshot
Price: $76.96 (-2.26%) — down day, near session low
Pre-Market: $77.28 (+0.41%) — minor bounce
Timeframe: 1H chart
Technical Indicators
Bollinger Bands (20,2)
Upper: $82.36 | Mid: $79.10 | Lower: $75.85
Price is below the midband and approaching the lower band ($75.85)
The bands are expanding downward — bearish continuation signal
SuperTrend (10,3): $78.92
Price is well below SuperTrend — firmly bearish
SuperTrend has been acting as overhead resistance throughout the downtrend visible on the chart
MACD
MACD: -0.15 | DIF: -1.00 | DEA: -0.85
Both DIF and DEA are negative — full bearish confirmation
DIF crossing further below DEA — no reversal signal yet
Chart Pattern
The 1H chart shows a clear descending channel from ~$83.70 since early June. Lower highs and lower lows throughout. This is a textbook downtrend with no base formation yet.
Trade Plan

Long (Buy)
Short (Sell)
Entry
Only on confirmed reversal above $79.10 (midband reclaim)
Rejection at $78.92 SuperTrend or $79.10 midband
Target
$81–82 upper range
$75.85 lower BB → $74.68
Stop Loss
$77.50
$79.50
R:R
~1:2
~1:2
Bias: Bearish — Strongest Bear Case of the Three
Compared to JPM and GOOG, NFLX is the weakest setup:
Signal
JPM
GOOG
NFLX
Above SuperTrend
✅
❌
❌
Above BB Midband
✅
❌
❌
MACD Positive
⚠️
❌
❌
Price Trend
↑ Up
↔ Sideways
↓ Down
Avoid longs unless price reclaims $79+ with conviction. A short on a failed rally toward SuperTrend ($78.92) targeting the lower BB ($75.85) is the higher-probability play.
Technical analysis only — not financial advice.